2 million iPhone 5s sold in China in first weekend

Apple has announced today that it has sold 2 million new iPhone 5 in China in the first 72 hours of availability.

"Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China," said CEO Tim Cook. "China is a very important market for us and customers there cannot wait to get their hands on Apple products."

The company also announced that the device will be available in over 100 countries by the end of the year, making it the fastest global iPhone rollout, ever.

Earlier in the day, Citibank lowered its rating on the company's stock, claiming a lack of demand for Apple's latest device.